Top 10 Oil Richest Countries in the Worldexplorationworld.com - 3/3/2015 5:15:01 AM
The UAE was also the first country in the Middle East to export liquefied natural gas. 6. Kuwait – 104.00 billion barrels in proved reserves At about 2.8 billion barrels of oil per day, Kuwait was the tenth largest producer of oil in the world in 2012.

Counter OPEC’s Power by Boosting American Crude Oil ExportsThe Morrow County Sentinel - 3/2/2015 2:34:33 PM
Of OPEC’s 12 member countries ... “primarily on the world price of crude oil, which would decline slightly once lower-priced U.S. crudes were available in the international market.” If Congress lifts the ban, crude exports could add 300,000 jobs ...

Despite Low Oil Prices, Azerbaijan Increases Electricity Exportssilkroadreporters.com - 3/3/2015 4:13:35 PM
According to Azerbaijan’s State Customs Committee, the country nearly doubled its electricity ... After a sudden decline in oil prices in the world market in 2014, in January Azeri oil exports declined by 326,000 tons or 13.4 percent, compared to the ...

Oil Prices Trade HigherWall Street Journal - 3/3/2015 1:28:56 PM
Much of the world’s excess oil has flowed to the U.S. in ... A lifting of Western sanctions against the country could increase Iran’s oil exports. “One thing the oil market does not need is additional Iranian oil,” David Hufton of PVM said in ...

Russia Steel Mills Become World Beaters After Ruble’s SlideBloomberg - 3/3/2015 11:48:43 AM
The country’s steel mills are suddenly world ... output since the collapse of the Soviet Union in the early 1990s, World Steel Association data show. Even as demand shrinks at home, exports are likely to jump. Steel prices have softened in the past ...

IMF: Venezuela's oil economy in dire straitsUnited Press International - 2/26/2015 11:57:38 PM
The IMF said the low price of crude oil is a net benefit to countries that rely ... suffer the most from the decline in world oil prices, as its public sector derives a large share of its fiscal revenues from oil exports," it said. "In addition, the ...

Oil Price Collapse Vindicates Gabon’s Aim to DiversifyInternational Monetary Fund - 2/25/2015 11:58:49 PM
For a country like Gabon, which has traditionally depended on oil for more than half of its government revenue and four-fifths of its exports, the sharp decline ... The apparent new normal in world oil markets validates the authorities’ emphasis in ...

Venezuela: A Closer Look at the Oil Economy of VenezuelaLive Trading News - 2/28/2015 11:40:57 PM
Venezuela contains some of the largest oil and natural gas proven reserves in the world. In 2013 ... accounts for a significant share of the country’s gross domestic product (GDP), government revenue, and export earnings. During the 1990s, Venezuela ...

Iraq minister sees oil at $64 to $65 per barrelYahoo Finance - 3/1/2015 3:40:09 PM
BAGHDAD (Reuters) - Iraq's Oil Minister Adel Abdel Mehdi said ... seized large parts of the north and west of the country. Iraq's oil revenues for February were just a fraction under $3.5 billion, on exports of 2.535 million barrels per day.

Russia's Log Exports Failed to Increase in Q4woodworkingnetwork.com - 3/2/2015 8:32:28 PM
Later in 2014, the world market oil prices fell by over 50 percent. This price drop had major ramifications for Russia because oil is the major export commodity for the country. Together, these two events have shaken the Russian financial institutions and ...

Oil-rich Libya, torn by conflict, may be going brokeWashington Post - 2/19/2015 1:40:11 AM
Unless fighting lets up this year, allowing wider oil exports to resume, the country could use the same amount this year ... Auguste Tano Kouame, a World Bank official, said Libya could remain afloat for “another couple of years.”

Nigeria: Revenue Shrinks by 28 Percent Amid Oil Price SlumpAllAfrica - 3/2/2015 2:20:14 PM
stressed the need for the government to create policies and incentives that could promote non-oil exports by Nigerian firms. He pointed out that although the current structure of Nigeria's Gross Domestic Product (GDP) shows that the country has achieved ...

Iran hit by Indian crude purchase cutsEuro2day - 3/3/2015 9:54:11 AM
Iran holds nearly 10 per cent of the world's crude oil reserves but is exporting ... Iranian oil exports to China fell to 470,000 b/d in January, down 22 per cent from December as the country shopped around for alternative Middle Eastern suppliers such ...